UK News: Chancellor’s duty-free ban ‘will lead to the loss of 138,000 jobs and cost the economy £3.5bn’

Chancellor Rishi Sunak is ending VAT refunds for international visitors to shops  By TOM WITHEROW FOR THE DAILY MAIL The decision to end duty-free shopping on goods such as perfume, clothing and electronics will lead to 138,000 job losses and cost the economy £3.5billion, according to a report. Chancellor Rishi Sunak is ending VAT refunds for […]

Women in Business- 2 Scientists Awarded Nobel Prize In Chemistry For Genome Editing Research

Jennifer A. Doudna Emmanuelle Charpentier The Nobel Prize in chemistry was awarded this year to Emmanuelle Charpentier and Jennifer Doudna for their work on “genetic scissors” that can cut DNA at a precise location, allowing scientists to make specific changes to specific genes. “This technology has had a revolutionary impact on the life sciences, is contributing to new cancer […]

Taipei Times – Taiwan leading global supply chain

Staff writer, with CNA SPENDING BIG: More than 450 companies have pledged to invest nearly NT$1 trillion in the nation under a government incentive program, while another 56 are in line to invest   Taiwan has become a leader in the global supply chain, as an increasing number of its overseas companies have been investing more […]

World Business Quick Take

CHINA Q1 plunge of 9% forecast China’s economy is set to post a 9 percent plunge in the first quarter from a year earlier, Goldman Sachs Group Inc said yesterday. A day after retail sales, industrial output and investment data plunged by far more than the median estimate of analysts, Goldman economists said that their […]

UK asks makers to build ventilators

TRANSPARENCY: The prime minister and senior officials are to hold daily televised briefings with medical advisers to explain the government’s response to the pandemic British Prime Minister Johnson was yesterday to ask businesses to help build medical equipment, as he tried to reboot his COVID-19 strategy after the UK death toll rose to 35. Amid […]

COVID-19, Adam Smith and the wealth and health of nations

By Willem Buiter, a former chief economist at Citigroup, is a visiting professor at Columbia University. COVID-19’s implications for the global economy are highly uncertain, but potentially disastrous. As of March 5, the WHO had identified 85 countries and territories with active COVID-19 cases — an increase from 50 countries the previous week. More than […]